Description of regression equation

Assignment Help Basic Statistics

Reference no: EM1396273

The following data represent the number of weed-eaters sold per month at a local garden shop and their prices

Price x $34 36 32 35 30 38 40
Units sold y 3 4 6 5 9 2 1

a. Develop the estimated regression equation.

b. PRedict the amount of sales for a cost of $33

c. Predict the amount of sales for a cost of $45

Reference no: EM1396273

Questions Cloud

Determine the correlation coefficient : Determine the correlation coefficient. Is there a strong relationship? If so determine the line of best fit. Estimate what the sales should be for a 3000 square foot shop.

Illustrate what is the return on equity of the organization : arnings are expected to grow at 6% per year. The risk free rate is 6% also the return on the market portafolio is 6%. If Industry X is valued at $ 80 million. Illustrate what is the return on equity of the organization? also,

What business challenges facing companies in global sales : What is the business challenges facing companies such as Kodak and HP in suppporting global sales foreves;how successfully is eloquent software tool.

Dignificant difference between the two population means : If the limits of the confidence interval of the difference between the means of two normally distributed populations were 3.5 and 5.5 at the 95% confidence level, then we can conclude that we are 95% certain that there is a significant difference ..

Description of regression equation : The following data represent the number of weed-eaters sold per month at a local garden shop and their prices

Estimate the linkage order of three genes : Recessive mutant alleles of an x-linked gene in Drosophila, crossveinless, prevent the development of supporting structures in the wings.

Elucidate the internet effects on planning : Elucidate the Internet's effects on planning by Explain how it influences 1) the motivation for planning, 2) the processes for planning, also 3) the outcomes of planning. Be sure to give complete explanations of each effect, using examples in your..

How large a sample is necessary : A researcher wishes to estimate within $300 the true average amount of money a country spends on road repairs each year. If she wants to be 90% confident, how large a sample is necessary? The standard deviation is known to be $900.

Explain business located in state involved in lawsuit : Use the Internet to study the situation where the business located in state was involved in lawsuit(or draw from your own experience if you have been so unfortunate).

User Account

All Pages